GDP growth target is the expected rate of increase for a country's Gross Domestic Product (GDP). Governments and central banks set this target for a specific period. It is part of broader economic ...
Nominal GDP: This measures GDP at current market prices, without adjusting for inflation. It can sometimes exaggerate growth because it includes rising prices. For example, if grocery prices increase, ...
The base year for GDP calculations is being updated from 2010, which has been in use for the past 15 years, to 2019. This means that constant prices previously based on 2010 will now be based on 2019.
But the NBS at the rebasing sensitisation workshop it organised in collaboration with the Nigerian Economic Summit Group in Lagos, last Thursday, emphasised that the exercise does not necessarily mean ...
Investopedia / Michela Buttignol The real economic growth rate, or real GDP growth rate, measures economic growth, as expressed by gross domestic product (GDP), from one period to another ...
THE UK economy grew just 0.1% in November, less than expected by economists. The latest figures from the Office for National Statistics (ONS) reveal Gross Domestic Product (GDP) rose marginally in ...